Question

Jamie’s Bakery, a small chain of eight bakeries in Altamonte Springs, Florida has recorded sales growth of 30 percent or more per year ever since it was started in 2010, and in 2017 had revenues of $229,000. Jamie’s Bakery is an _____.

Answer 1

Gazelle

Step-by-step explanation:

• Jamie's Bakery has recorded a growth of 30% and above from 2010 to 2017 with revenues of $229,000.
• This makes Jamie's bakery a gazelle company or business due to the growth of 30% in sales per year for a period of more than four years since it was started in 2010.
• Gazelle ventures or business are fast growing and expands at a high rate and thus important to an economy.